NFT Smart Contract Security Audit: Ultimate Guide
Smart contract vulnerabilities in NFTs lead to security issues. Regular NFT smart contract audits migitate the risks of hacks.
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With cybercrime figures showing unstoppable growth, any company, from a large multinational corporation to a tiny startup, can become the next data breach victim. Without the right set of security measures in place, you risk incurring reputational damages that might be challenging, if not impossible, to recover from. Cybersecurity consulting services are needed to orchestrate responses to multiple cybercrime threats, preventing hackers from getting a foothold in your network(s).
Manipulating separate employees is easier than bypassing a network security system. Typically disguising themselves as reps of reputable companies, phishers make attempts to coerce potential victims into voluntarily giving away sensitive data like your passport details, passwords, SSN, etc. They might contact you via phone calls, genuine-looking emails with links to fake websites, or social media posts.
A variety of malware is used to get unrestricted access to networks and sites with the aim to steal sensitive information, disable the target device or make it perform specific tasks.
A distributed denial-of-service attack is a cybercrime committed in order to make certain websites temporarily unavailable or crash them for good.
Cloud hijackers are trying to detect vulnerabilities in the software used by cloud providers to steal user data stored in the external cloud.
If your login details get leaked, a credential stuffer can try to gain unauthorized access to other accounts by entering the same details (email, password, phone number, etc.) on other websites. They might succeed because people often use the same passwords for different websites.
As a rule, big companies have sufficient budgets to develop their own in-house cybersecurity expertise. By contrast, small and medium-sized businesses typically can’t afford it, and are basically left with two choices:
Considering the first option? Think again or else you might end up not getting the promised results. Cybersecurity is a highly sophisticated realm, with hundreds of nuances to be taken care of. Hiring independent contractors can be the right option for a variety of tasks, but not when it comes to cybersecurity. No matter how many hats individual cybersecurity consulting expert wears, if they aren’t backed by a reputable consultancy, their expertise will most likely be insufficient.
As for the second option, the choice might seem endless. The web is flooded with trustworthy companies whose portfolios contain dozens of successful cases from renowned clients. Reliable, dependable, fast, proactive, responsive, and fully dedicated to meeting your vision. Which cybersecurity consulting provider will tick all the boxes for your business? Start by narrowing it down to the best companies that use the power of blockchain to address critical cyber threats, and you’ll easily make a list of top 10 candidates.
What makes blockchain an effective cybersecurity solution? This technology shouldn’t be viewed as a panacea for all threats related to data security. However, blockchain does provide stronger security than traditional centralized computing services due to the following features:
For example, it would be a very good idea to create a mobile app using the cybersecurity consulting services of a company with a major focus on blockchain. Due to a distributed ledger, cyber resiliency can be easily achieved as there will be no single point of contact and a single attack on one or several participants of the network won’t affect other nodes.
Battle-tested blockchain-based cybersecurity controls can be used (often in combination with AI, IoT, and ML) to create safer technical infrastructure and guard the company against cyber threats. If you want your company/project to be practically invincible, schedule a cybersecurity consulting call with our blockchain professionals and discuss your business needs.